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Bernanke says more progress needed before stimulus pullback
ReutersWASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday. A decision to...Tags: Economy, Business and Finance, Federal Reserve, European Debt Crisis, Dwayne Johnson, Economic Policy
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FACTBOX-Who knew what when in the IRS 'Tea Party' scandal
ReutersMay 22 (Reuters) - The U.S. Internal Revenue Service has been under intense scrutiny since May 10, when the tax-collection agency acknowledged that workers had used partisan criteria to intensely scrutinize conservative groups' applications for tax-exempt...Tags: Taxation, White House, Employees, U.S. Department of the Treasury, Barack Obama
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Reuters World News Highlights 2200 GMT May 22
ReutersTOP STORIES ----------- WASHINGTON - The Internal Revenue Service official at the center of a scandal about extra tax scrutiny of conservative groups told Congress on Wednesday she had done nothing wrong but invoked her constitutional right not to...Tags: Wars and Interventions, FBI, Tamerlan Tsarnaev, Bashar Assad, Boston Marathon Bombing (2013)
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GLOBAL MARKETS-Asian markets sell off on Bernanke remarks, China PMI
Reuters* JGBs dive, 10-year JGB yield hits highest since April 2012 * Dollar index hits highest level since July 2010 * Asian shares down after China HSBC flash PMI, credit spreads wider By Masayuki Kitano and Hideyuki Sano SINGAPORE, May 23 (Reuters) -...Tags: Federal Reserve, Economy, Business and Finance, Marketing, Money and Monetary Policy, Germany
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WRAPUP 3-IRS officials thwart lawmakers' quest for answers on IRS scandal
Reuters* IRS official says she did nothing wrong, refuses to answer questions * Few answers, many questions at third hearing in less than a week * Republicans say officials should have revealed targeting sooner (Recasts with end of hearing) By Kim Dixon...Tags: Zuckerman Spaeder LLP, Taxation, White House, Republican Party, Barack Obama
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Progress on immigration
Just when Washington looked like it was completely preoccupied with the scandals, real and imaginary, swirling around the White House, a group of Democrats and Republicans in the Senate managed the unexpected (and, these days, extraordinary): They...
Tags: Ted Cruz, White House, Social Security, Social Issues, Barack Obama
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IRS officials aren't cooperating in probes at top or bottom
McClatchy Washington BureauWASHINGTON Internal Revenue Service officials are not fully cooperating with efforts to learn who is responsible for targeting conservative groups, lawmakers learned Wednesday during the third and most tense, dramatic hearing on the scandal. First, the...Tags: Planned Parenthood, Government, White House, Taxation, This Week (tv program)
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Obama nominee vows to work with Congress to fund transportation
ReutersBy Doug Palmer WASHINGTON, May 22 (Reuters) - President Barack Obama's choice to be transportation secretary promised on Wednesday to work with Congress to figure out how to fund U.S. transportation needs during a time of tight budgets and faced...Tags: White House, Government, John Thune, John D. Rockefeller IV, Barack Obama
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Electric carmaker Tesla pays off U.S. loan
DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock and debt offering. The automaker said on Wednesday that it wired...
Tags: Economy, Business and Finance, Tesla Motors, Inc., Automotive Equipment, Hybrid Vehicles, Fuel-efficient Vehicles
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Apple,former Washington wallflower, now at center of tax fight
ReutersBy Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON, May 22 (Reuters) - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now the iPad maker has taken the lead, perhaps...Tags: Federal Communications Commission, White House, Tim Cook, Apple iPhone, Google Inc.
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Senate committee advances drug compounding bill
ReutersNEW YORK (Reuters) - A U.S. Senate committee on Wednesday unanimously approved legislation that would increase federal oversight for companies that compound and sell sterile drugs across state lines. The proposed legislation was introduced in response to...Tags: Drugs and Medicines, U.S. Senate, Politics, Food and Drug Administration, Tom Harkin
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Apple, former Washington wallflower, now at center of tax fight
ReutersBy Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON (Reuters) - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now the iPad maker has taken the lead, perhaps...Tags: White House, Google Inc., George W. Bush, U.S. Senate, Apple iPad
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